This German defence firm keen to set up base in UP with $1 billion investment; partner with BHEL
Rheinmetall, an over 130-year-old German defence manufacturer, is exploring options to enter the Indian defence market in collaboration with state-run engineering major BHEL. The company has shown keen interest in investing in the Uttar Pradesh Defence Corridor and is in talks with BHEL as well as the Uttar Pradesh government in this regard.
The CEO of Rheinmetall Electronics Division, Susanne Wiegand, and the CEO of Rheinmetall Air Defense, Fabian Ochsner held a video conference with UP’s investment and promotion of MSME minister Siddharth Nath Singh over the proposed investment in the state.
